Supermodel Linda Evangelista and her ex, French billionaire Francois-Henri Pinault, have finally reached a settlement in the ongoing custody battle for their now 5-year-old son Augustin.

Though the details on the deal have yet to be revealed, source familiar with the negotiations said it’s “nowhere near the $46,000 a month” Evangelista originally said she required to care for the child. Evangelista claimed the $46k would go towards around-the-clock nanny care, armed ex-NYPD bodyguards, and a separate apartment (primarily for play-dates) near the youngster’s school , according to court documents.

The sum has been considered one of the largest in the history of Family Court.

“Everybody’s glad for the sake and the benefit of the child that it’s done,” Pinault’s lawyer David Aronson said outside the Manhattan Family Court.

According to The New York Post, a surprise settlement was reached via telephone as the one-time couple were headed into their second day of trial at Manhattan Family Court. Attorneys plan to hand over specifics to a magistrate on Tuesday, the paper added.

During the brutal child-custody case, the court heard how Pinault had allegedly told Evangelista to have an abortion, while the businessman opened up about the difficulties that his wife, actress Salma Hayek, had experienced while she was pregnant with their now four-year-old daughter Valentina, who they feared would be born with Down syndrome.

Besides Augustin and Valentina, Pinault, the chief executive of PPR — which owns Yves San Laurent and Gucci — also has two other children from a previous marriage that ended in 2004.

Pinault, 49, met Hayek four months splitting from Evangelista, 46, in January, 2006 — reportedly the time he discovered she was pregnant.

The LA Times writes that Linda Evangelista – who once quipped that supermodels “don’t wake up for less than $10,000 a day” – was initially willing to pay for Augustin’s expenses but after a major contract with L’Oreal ended last year, her $1.8 million annual income dipped.